ProShares Ultra DJ-UBS Crude Oil Crosses Below its 10-day MA (UCO)
Today, shares of ProShares Ultra DJ-UBS Crude Oil (NYSE:UCO) have fallen below their 10-day MA of $12.52 on a volume of 1.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, ProShares Ultra DJ-UBS Crude Oil share prices have been bracketed by a low of $8.87 and a high of $54.90 and are now at $12.40, 40% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has declined 5.1%.
SmarTrend recommended that its subscribers protect gains by selling shares of ProShares Ultra DJ-UBS Crude Oil on November 13th, 2015 by issuing a Downtrend alert when the shares were trading at $18.11. Since that call, shares of ProShares Ultra DJ-UBS Crude Oil have fallen 27.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses proshares ultra dj-ubs crude oil